On July 11, 2022, Karen Singer announced that that Singer, as Trustee of the Singer Children's Management Trust, has entered into a non-binding term sheet to transfer all of the Trust's shares of Symbolic Logic, Inc's common stock to CCUR Holdings, Inc. in exchange for certain securities of CCUR. The Trust expects that the transfer and exchange will close by July 31, 2022. Singer continues to believe that the Company's cost structure would be more favorable if it were no longer a public company, which could lead to a significant improvement in stockholder value.

Accordingly, Singer encourages the Company to explore all options related to the de-registration of its common stock.